Standard Chartered compares ETH to Amazon in 2001, maintaining a target price of $4000 by the end of the year BlockBeats news, on May 28, Geoffrey Kendrick, head of global digital assets research at Standard Chartered Bank, released a report, comparing the current situation of Ethereum to Amazon when the Internet foam burst in 2001. He quoted Bezos' famous saying that "stocks are not companies, and companies are not stocks" and pointed out that although the price of ETH has fallen by about 57% from its peak in August 2025 to around $2000, the core indicators on the Ethereum chain - the number of transactions and TVL denominated in ETH - are close to historical highs, and the divergence between fundamentals and prices is unsustainable. Kendrick believes that ETH will eventually catch up with the improvement of internal indicators and reiterates the target prices of $4000 by the end of 2026 and $40000 by the end of 2030. The core of the bullish logic lies in Ethereum's dominant position in the stablecoin and tokenized RWA fields: currently, 54% of stablecoins are deployed on Ethereum, contributing about one-third of on chain transactions and 60% of TVL this year, and the total market value of stablecoins is expected to grow sixfold to about $200 billion by the end of 2028; At the same time, Ethereum carries about 62% of RWA and 68% of on chain loans, and this sector is expected to grow 50 times. In addition, the upcoming Ethereum Economic Zone will reduce cross chain bridge dependence and enhance ecological composability, coupled with legislative progress in the US cryptocurrency market structure, all of which are seen as important support for Ethereum's long-term activity and ETH prices. [Original link]